Sunrise Resources (LON:SRES) Stock Price Down 6.7% – Here’s What Happened

Sunrise Resources plc (LON:SRES) shares traded down 6.7% on Wednesday . The stock traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 14,000,000 shares changed hands during trading, an increase of 33% from the average session volume of 10,536,010 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Price Performance

The firm’s 50 day moving average price is GBX 0.02 and its two-hundred day moving average price is GBX 0.03. The company has a current ratio of 0.71, a quick ratio of 3.18 and a debt-to-equity ratio of 12.48.

Sunrise Resources (LON:SRES) last announced its quarterly earnings data on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. On average, sell-side analysts anticipate that Sunrise Resources plc will post -2 EPS for the current year.

Insiders Place Their Bets

In other Sunrise Resources news, insider James Cole bought 39,764,880 shares of Sunrise Resources stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,058,421.08). 21.11% of the stock is owned by corporate insiders.

Sunrise Resources Company Profile

Sunrise Resources plc engages in the acquisition, exploration, and development of mineral projects in the United States and Western Australia. The company explores for gold, copper, silver, lead, zinc, precious metal, base metal, and industrial mineral projects. It mines at CS Pozzolan-Perlite project located in Nevada, the United States, as well as holds leases/option agreement in the Jackson Wash project located in Nevada, the United States.